Tag: Tidal energy

Irish tidal firm goes into liquidation

Irish tidal firm goes into liquidation

Irish tidal energy firm OpenHydro has been forced into liquidation after its French parent company Naval Energies ceased investment in the struggling company. Many companies within the European renewables community have described the situation as a significant setback for tidal technologies. OpenHydro was expected to make losses of over £114 […]

Swansea tidal lagoon project to cut jobs

Swansea tidal lagoon project to cut jobs

The £1.3 billion tidal lagoon project in Swansea is set to face significant job losses if the UK and Welsh government do not back the scheme as talks intensify. Since December, when the Welsh government offered equity or a loan to the plan if Whitehall supported it, UK and Welsh […]

Government loses interest in tidal power

Government loses interest in tidal power

Ministers have concluded that the proposed £1.3 billion tidal power lagoon in Swansea Bay does not represent value for money for tax payers and have subsequently turned their support away from the project. Backers of the scheme had hoped the project would be the first in a series of new […]

Uncertain future ahead for planned UK tidal projects

Uncertain future ahead for planned UK tidal projects

Plans to create tidal lagoon power projects, worth £10 billion, could collapse after the Treasury has vowed to tighten its grip on green subsidies until energy bills ease. Documents from last week’s Autumn Budget have revealed the government’s will not introduce any new “green taxes” until 2025 to protect consumers […]